Disney will obtain Fox’s stake in Hulu, the U.K. network Sky, and Star in India. Disney Chairman and CEO Bob Iger would remain in his role at Disney through 2021.

Fox’s news and sports subsidies are not part of the deal; 21st Century Fox is planning to put those networks into a “newly listed company that will be spun off to its shareholders.”

“The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before,” Disney Chairman and CEO Bob Iger said in a statement.

The lengthy press release from Disney highlights the benefits of the deal, which largely focuses on the properties it will obtain, including fans’ dream of finally seeing a united Marvel Cinematic Universe on-screen and Avatar, which is already incorporated into Disney’s theme parks as an explorable world. With the acquisition of Fox’s stake in Hulu, the deal also makes Disney—which is planning to launch its own standalone streaming service in 2019—a major streaming player.

The deal will also have many worried—and not just because the Simpsons predicted it nearly 20 years ago. The deal is essentially folding one of Hollywood’s major studios into another, creating more of a monopoly in the entertainment industry. There’s concern about one studio holding that much control over those properties and whether Disney might try to water down some of its raunchier franchises like Deadpool or abandon riskier projects because it’s not as family-friendly. There may be a decrease in films being released if Disney doesn’t want to compete with itself, which could affect jobs.

Michelle Jaworski is a staff writer and the resident Game of Thrones expert at the Daily Dot. She covers entertainment, geek culture, and pop culture and has brought her knowledge to conventions like Con of Thrones. She is based in New Jersey.